Why Solar?
There is Freedom in Solar Energy
The Cost of Solar is low
Protect Against Rising Costs
Go Green With Renewable Energy
Reduce Your Energy Bill
Increase Home Value
The cost of solar energy is at an all-time low.
When you install a solar system, 26% of your total project costs (including equipment, permitting, and installation) can be claimed as a credit on your federal tax return.
The 30% federal solar tax credit can save you thousands when you switch to solar.
The Rising Energy Costs
In the last 20 years there has never been a year when the price for electricity has not risen. Inflation alone over the last 20 years has been about 6% annually. Last year Duke Energy requested from the NC Utility Commission to increase 18% on residential customers which would have been their single largest rate increase in a year.
Improving Air Quality and Reducing Climate Change
Solar energy can improve air quality and reduce water use from energy production. Solar energy also reduces climate change. As a renewable source of power, solar power has an important role in reducing greenhouse gas emissions and mitigating climate change, which is critical to protecting humans, wildlife and ecosystems.
Go Solar. Go Green
Solar Will Increase the Value of Your Property
Solar Panels are a smart investment for your home.
Sell your house faster by 17% and increase your home value by 5%
FAQs
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The solar Investment Tax Credit (ITC) is a 30% federal tax credit for solar systems
placed in service prior to 1/1/2023. The credit is a dollar for dollar reduction in the
income taxes of the claimant. The value of the ITC is an estimate and is not
guaranteed. You should consult your tax advisor to determine your eligibility.
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Net Metering enables residential customers who generate their own electricity to
pump excess electricity back to the utility's power grid. All electricity not used by
the home and sent back to the grid is credited at a 1-1 retail rate. The utility
effectively becomes a built-in battery for the solar system.
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Unless your solar energy system is outfitted with battery storage and you are
completely off the grid you will still receive a bill from the utility. That being said,
you can reduce your bill significantly or even lower the total amount to $0 when
the solar system produces as much electricity as your house consumes.
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The amount of solar power your system generates depends on the level of sunlight
it is exposed to. Thus, your solar panels will produce slightly less power on a cloudy
day than a sunny day and no energy at night time. Our solar designers utilize a
sophisticated program that looks at 50 plus years of weather data to determine the
estimated average amount of solar a homeowner can expect in a year.
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All of Palmetto’s systems are connected to the grid, if the grid is down then your
solar system will shut off. Your system is shut off to prevent it from sending
electricity to the grid where utility workers could be injured by the electric
current.
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